TCS Salary Hike 2010 confirmed but not percentage

With 50.1 percent YOY and 9.7 percent QOY in the Q4 Result, TCS is now considering salary hike for its employees. According to TCS officials, they are now considering salary hike and the hikes in the salary may be implemented during financial ending March 2010. The actual hike percentage, however, has been decided yet.

“There definitely will be a wage hike but the quantum is not finalised. We are considering three options”, TCS global head of HR Ajoy Mukherjee said address the media when asked about the TCS hike.

Right now, there is a variable pay system being implemented in the TCS.  The junioir level employees get a salary of which 20% is variable. This percentage is 45% for the senior level officials. The variable component of the salary is calculated based on the overall performance of their respective business unit. The same goes for other companies like Wipro where performance of the business unit affects the salary of each employee.

TCS now has 1,50,000 employees across the globe and it is one of the biggest software exporter in India.

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Comments/Queries

( 18 Comments so far )

• Dibyendu
  
  Apr 20, 2010 at 03:22:pm

  This is more than expectation that everybody in joining year 2007 (now have average 2.5 years experience) have received an average 27% increment in the salary. Thanks TCS.
• ananomas
  
  Apr 20, 2010 at 06:08:pm

  This is absulately wrong…its up to 6-7% only
• Gogu..
  
  Apr 20, 2010 at 10:24:pm

  After 2 yrs TCS has given me 10% increment… that also after getting A band.
  And for promotion we have to wait for 1 yr to reflecy in salary ….
• Vas
  
  Apr 20, 2010 at 10:49:pm

  TCS has given just 7-8% hike after two years and all the persons claiming 27% increment or news that TCS has given 25% hikes are baseless. I am one of those persons on the receiving end. After two years of waiting the have given peanuts as hike.
• Nabarun
  
  Apr 20, 2010 at 10:50:pm

  all bull shit ….. average salary hike is between 7k to 30k (after a gap of 2 yrs). All the reports declared to media is superficious. People who got good hikes , either they got yearly appraisal or got their dues bcoz of last yrs promotion.

  people who got promoted this Jan , will get the benefit from next jan (another crap)

  TCS mgmt has decided to rob their employees …..

  Its no longer a company to be trusted …. experiencing highly UNCERTAINITY …..
• Vas
  
  Apr 20, 2010 at 10:17:pm

  This is the actual letter for TCS Employees
• Amit Kumar
  
  Apr 21, 2010 at 06:54:pm

  TCS has given hefty hike only peoply above Consultants (about 20%). There is big hike to people who have joined in 2007(20-30%). for 2008 batch it is max 12%. For others it varies as ITA almost no change(only 6-7%).
• jaju
  
  Apr 22, 2010 at 12:31:pm

  aftet so long wait, TCS gave 7% hike. Shame on you Ajoy Mukharjee!! .. These are the employees who worked so hard to get 7000 crore profit and what they get in return is thumb in the shit!!.

  Infy do not stand in comparison if we compare the profits but it exceeds miles away if we compare the employee satisfaction.

  at such huge profit tcs gave 6-7 % increment. There is no wonder that if profit didnt rise in future, these ppl will take your paid salries and will beg in fornt of you for more money.

  I heard that most of the tata group profits is given to trusts. So just one question, which kind of trust and managment it is who is keeping their family members hungry and shattered with such a huge increment.

  you provide devident on shares just because major holding are residing with highr managment only.

  Screw all managment decisions!!!!
• tcs employee
  
  Apr 25, 2010 at 07:27:pm

  10% avg hike is not correct , most of the tcsers got hike much less then avg hike of 10%. I have got 8% hike when my rating is same as last year, which is above average rating. Numbers of 10% and 13% does not seems to be correct Delaying promotion benefits for 1 year is also not good, as promotion were already delayed for 2 years. There can not be any reason why an employee has to wait for a year for VA of new grade. TCS should have delyaed promotions for another year, which they decided to give because this would have caused more attrition, hence TCS decided to give namesake promotion.
• Jobs Wanted
  
  Apr 30, 2010 at 04:16:pm

  Well.. the second hike in a year by Infosys (that too by 14%) has defenitely made TCS / Wipro Defensive. Wipro has announced only 8% hike. TCS need to loosen purse

  Incidently attrition rate at Wipro has climbed this year. What would happen at TCS? Latest Hiring News : http://www.resumes-india.com/newsdetails.html
• Roy
  
  May 05, 2010 at 09:28:am

  Everyone should quit tcs. only the Ajoy mukherjee & other peoplein Senior management who are share holder should stay & do work in shift. You will make 100 % Y-o-Y profit sir…
• ScrewTCS
  
  May 10, 2010 at 10:33:pm

  Shitty Company gave only 3% hike even after scoring 5 two consecutive time.
  High times to quit this crap company.
• ibm employee
  
  May 18, 2010 at 02:28:pm

  my total hike presentage in IBM is 2% for last 3 years
  First year – 0%
  Second Year – 2%
  Third Year – Coming August I will come to know about my hike presentage.
  all these years my rating in ibm is exceptional which is the top rating !!!
• IBM salary
  
  Jun 06, 2010 at 04:25:pm

  I have joined IBM on 2008 as Lateral Entry.
  After 2 year,I came to know I will get NO HIKE as my salary is still above average compare to the market…I just get pissed and f*** IBM now…..
• kumar
  
  Jun 10, 2010 at 08:16:pm

  Never join EXL, as there is no hike in salry and in position.
• IBMer
  
  Jul 11, 2010 at 09:40:pm

  I am a IBMer. When i was joined company then i had proud feeling as a IBMer but now my view is totally different. Even i performed well i have not received good rating due to internal politics. This year expected increment is single digit this is frustruating as performance,market correction, employee exp. does not count for evaluation.
  may be like other i would like to say bye bye soon within short time….No double digit salary increment in 2010 but double digit labour turnover already happened with IBM…
• IBMer
  
  Jul 12, 2010 at 02:05:pm

  Hi Everyone,

  i joined IBM IN 2006 as a fresher, till now my salary doesnt even increased by 5 %, IBM is not the best place to work they cheat with the brand name, gain exp here and flew away asap. Not a employee friendly, its executive friendly, workers who very hard get peanuts, those who works as executive will be paid heavily…
• sim
  
  Oct 02, 2010 at 08:58:pm

  i want to join tcs…what is the starting salary now??tell me what my salary will be after 1 year??